Sound finances and a pullback as arguments.

Fundamentally, the Italian firm enjoys a good Surperformance rating which underlines the attractive valuation and the yield. Moreover the consensus has upward revised its average target price that is now displaying a +12% potential. In addition, financial forecasts are encouraging.

Graphically, the stock keeps a nice bullish trend in the medium term. Following recent highs in the EUR 22.23 area, the share declined and is now back on the EUR 19.8 support. As all moving averages remain well oriented, this threshold should be the stepping stone for a forthcoming rebound.

Consequently, investors may open long position at current prices and target a reversal toward the EUR 20.85 pivot point. A stop loss order will be set at EUR 19.45.